Orbsat (OTCMKTS:OSAT) Trading 1% Higher – Here’s What Happened

Orbsat Corp. (OTCMKTS:OSAT) shot up 1% on Tuesday . The company traded as high as $0.6424 and last traded at $0.6060. 108,078 shares were traded during trading, a decline of 7% from the average session volume of 116,585 shares. The stock had previously closed at $0.60.

Orbsat Price Performance

The company has a current ratio of 15.27, a quick ratio of 14.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.93 million, a PE ratio of -0.35 and a beta of 2.22. The firm has a 50 day moving average of $0.71 and a two-hundred day moving average of $0.74.

About Orbsat

Orbsat Corp. engages in the provision of satellite based services and solutions for commercial, government and individual users. The firm’s services include satellite communication solutions, emergency location systems, high-speed satellite internet and global asset and personnel monitoring, customized ground station systems and custom product design. It also focuses on the distribution, development and reselling of satellite enabled communications hardware. The company was founded in 1997 and is headquartered in Aventura, FL.